How many Annex Brands outlets were operating in Maryland at the start of 2024?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Operations For Other Reasons | Outlets At End Of Year | |---|---|---|---|---|---|---|---|---| | AR | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | AZ | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | CA | 2022 | 186 | 5 | 0 | 0 | 0 | 2 | 189 | | | 2023 | 189 | 6 | 0 | 0 | 0 | 4 | 191 | | | 2024 | 191 | 6 | 0 | 0 | 0 | 6 | 191 |
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Operations For Other Reasons | Outlets At End Of Year |
|---|---|---|---|---|---|---|---|---|
| CO | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| FL | 2022 | 7 | 0 | 0 | 0 | 0 | 1 | 6 |
| 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | |
| 2024 | 7 | 0 | 0 | 0 | 0 | 0 | 7 | |
| GA | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| ID | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
| 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| IN | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| KY | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 202 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the number of outlets operating in Maryland at the start of 2024 varied across different tables presented in Item 20. One table indicates that there were 7 outlets at the start of 2024. Another table shows that there was 1 outlet at the start of 2024. A third table lists 5 outlets in Maryland at the start of 2024. These discrepancies may be due to different brands or types of outlets included in each table.
It is important to note that the FDD includes multiple tables in Item 20 that provide different figures for the same state and year. This could be confusing for a potential franchisee trying to assess the market and the brand's presence in a specific area. The tables also track the number of outlets that opened, terminated, were non-renewed, reacquired by the franchisor, or ceased operations for other reasons, as well as the number of outlets at the end of the year.
Prospective franchisees should carefully review each table in Item 20 and seek clarification from Annex Brands regarding the specific types of outlets included in each table to understand the brand's footprint in Maryland accurately. Understanding the reasons behind outlet closures, as well as the rate of new openings, is crucial for evaluating the stability and growth potential of an Annex Brands franchise in Maryland. It would be prudent to inquire about the specific brands and concepts represented within each count to reconcile the differing figures.